Finding a good dotcom domain name (without paying a hefty premium for it) has long been a virtually impossible task, leading otherwise obscure countries to offer up domain extensions like .tv, .to, and .fm. to allow you to register something with some semblance of being a real word. However, the domain registration system is about to get a major overhaul, opening up a limitless amount of possibilities when it comes to domain names.
Previously, TLDs have been reserved for individual countries, hence, why we've seen small nations like Tonga get into the business. Will opening the process up to entrepreneurs create a huge new opportunity for web entrepreneurs to get better domains names for their startups? Probably not. In reality, very few sites without a dotcom gain notoriety, other than the occasional clever customer like del.icio.us or last.fm.